Constellation cuts $4B deal to buy brewing giant

12:26 PM,
Feb. 14, 2013

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In a revised transaction designed to mute federal antitrust objections to a deal involving two of the world's biggest beer makers, Victor's Constellation Brands has cut a $4 billion deal to buy Mexican brewing giant Grupo Modelo's U.S. business.

The purchase, if approved by federal regulators, seemingly removes one of the Department of Justice's chief objections to the proposed purchase by Anheuser-Busch InBev, the world's largest beer company, of Modelo, the brewer of such popular beer imports as Corona.

Constellation's share price soared Thursday on news of the revised deal. In ...